Medirom Healthcare Technologies Inc. (NASDAQ:MRM) Sees Significant Decrease in Short Interest

Medirom Healthcare Technologies Inc. (NASDAQ:MRM) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 2,779 shares, a decline of 78.6% from the September 15th total of 13,001 shares. Based on an average daily volume of 20,358 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Medirom Healthcare Technologies Trading Down 2.9%

NASDAQ MRM traded down $0.02 during trading hours on Monday, reaching $0.54. 2,615 shares of the stock traded hands, compared to its average volume of 22,743. The stock has a 50 day simple moving average of $0.84 and a two-hundred day simple moving average of $1.00. Medirom Healthcare Technologies has a 1 year low of $0.53 and a 1 year high of $2.85.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Medirom Healthcare Technologies in a research note on Tuesday, August 25th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, Medirom Healthcare Technologies has a consensus rating of “Sell”.

Medirom Healthcare Technologies Company Profile

Medirom Healthcare Technologies Inc is a Japan-based healthcare and wellness company that provides relaxation, body-care and preventive-health services. Its core business operates under the Re.Ra.Ku brand, a network of studios offering services such as relaxation treatments, stretching and other wellness programs intended to support customers’ physical well-being.

The company also develops digital preventive-healthcare products and services. These initiatives include wearable technology designed to collect health-related data and support ongoing wellness management, including the MOTHER Bracelet, a device marketed as a low-maintenance activity and health-monitoring wearable.

Medirom serves customers primarily in Japan through its physical locations and technology-based healthcare offerings.